The Rho Business Savings Account pays 1.00% APY, variable and set monthly (as of August 2026, terms apply), with up to $75M in FDIC deposit insurance capacity per entity through American Deposit Management Co. and its partner banks. It is a separate account from Rho checking.¹
Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank, a division of Santander Bank, N.A. Member FDIC.
What you get with Rho's Business Savings Account
¹ The Rho Business Savings Account is a separate account from Rho checking. Savings account services and up to $75M in FDIC deposit insurance per depositor provided by American Deposit Management Co. and its partner banks, subject to FDIC requirements. Checking deposits are FDIC-insured up to $250,000 per entity through Webster Bank, a division of Santander Bank, N.A. Member FDIC. The savings rate is 1.00% APY as of August 2026, is variable, is set monthly, and requires a $25,000 average monthly balance to earn interest. Terms apply.
- 01
Open a Rho checking account
Apply online in less than 10 minutes with your EIN and formation documents. Your savings account is funded from your primary checking account, so checking comes first.
- 02
Add the Rho Business Savings Account
Request Savings from your Rho dashboard. It is a separate account from checking, with deposit services provided by American Deposit Management Co. and its partner banks.
- 03
Fund your savings
Transfers into Savings from your Rho checking account arrive the same business day when initiated before 1pm ET, and otherwise in 1 business day. There is no limit on transfers in.
- 04
Earn interest monthly
Interest accrues daily and is paid monthly, posted on the fifth business day of the following month. A $25,000 average monthly balance is required to earn interest.
No monthly Rho account fees.
- 1.00% APY on savings balances, variable and set monthly (terms apply)¹
- Up to $75M in FDIC deposit insurance capacity per entity¹
- Deposits placed across a network of 400+ FDIC- and NCUA-insured institutions (as of August 2026)
- No single allocation exceeds $250,000, so each placement stays within FDIC limits
- Interest accrues daily and is paid monthly
- One balance view alongside Rho checking, corporate cards, and expense management
Sleep better at night
Your deposits spread automatically across 400+ FDIC/NCUA-insured partner banks for up to $75M in coverage per depositor.
One view, full clarity
See one balance, one live view of coverage and yield, even though your cash sits across 400+ banks.
No fees, no friction
Business Savings has a $0 monthly fee and moves seamlessly between Checking, Savings, and Treasury from one Rho login.
| Rho | |
|---|---|
| FDIC insurance on your cash | Up to $75M per entity¹ |
| Savings account APY | 1.00% APY, variable (terms apply) |
| Is the yield-earning balance FDIC-insured? | Yes. A deposit account, with deposits placed across a network of partner banks |
| Minimum to earn the advertised yield | $25,000 average monthly balance |
| What it costs to access the yield | $0 in monthly Rho account fees |
| Rho | Mercury | Brex | Relay | |
|---|---|---|---|---|
| FDIC insurance on your cash | Up to $75M per entity¹ | Up to $5M | Up to $6M | Up to $3M |
| Savings account APY | 1.00% APY, variable (terms apply) | No advertised APY on business savings | No savings account; yield via a money market fund instead | Up to 3.00% APY (top-tier plan) |
| Is the yield-earning balance FDIC-insured? | Yes. A deposit account, with deposits placed across a network of partner banks | No. Yield requires Mercury Treasury, which is SIPC-covered, not FDIC | No. Treasury is a money market fund with SIPC coverage, not FDIC | Yes. Savings deposits are FDIC-insured through Thread Bank |
| Minimum to earn the advertised yield | $25,000 average monthly balance | $250,000 across all Mercury accounts (for Treasury) | No minimum (for Treasury) | No balance minimum, but the 3.00% rate requires the paid Scale plan |
| What it costs to access the yield | $0 in monthly Rho account fees | Treasury fee of 0.15% to 0.60% of Treasury positions | $0, no monthly or treasury transaction fees | $0 per month at 1.11% APY; the 3.00% tier is the Scale plan at $120 per month list |
Competitive data collected from Mercury, Brex, and Relay websites as of 2026-08-20, and may change. ¹ The Rho Business Savings Account is a separate account from Rho checking. Savings account services and up to $75M in FDIC deposit insurance per depositor provided by American Deposit Management Co. and its partner banks, subject to FDIC requirements. Checking deposits are FDIC-insured up to $250,000 per entity through Webster Bank, a division of Santander Bank, N.A. Member FDIC. The savings rate is 1.00% APY as of August 2026, is variable, is set monthly, and requires a $25,000 average monthly balance to earn interest. Terms apply.
A business savings account is a deposit account where a company holds reserve cash and earns interest, separate from the checking account it uses for daily payments. Keeping reserves in a separate account creates a cleaner audit trail, simplifies tax preparation, and stops operating spend from quietly eating the buffer.
- The Rho Business Savings Account pays 1.00% APY, variable and set monthly (as of August 2026, terms apply), requires a $25,000 average monthly balance to earn interest, and allows 6 withdrawals per month with no limit on transfers in.
- It is funded from your Rho primary checking account, and no account or routing numbers are issued for Savings, which keeps the reserve out of the daily payment path.
FDIC insurance covers up to $250,000 per depositor, per insured bank, per ownership category. To reach coverage above that, the Rho Business Savings Account works by placing deposits across a network of partner banks so that no single allocation exceeds $250,000 and each placement stays within FDIC limits.
- The service is provided by American Deposit Management Co. and its partner banks, a network of 400+ FDIC- and NCUA-insured institutions (as of August 2026), which is how coverage capacity reaches up to $75M per entity.
- You see one consolidated savings balance in Rho. This is a separate account from Rho checking, where deposits are FDIC-insured up to $250,000 per entity through Webster Bank, a division of Santander Bank, N.A.
Business savings rates are variable, so any rate you compare needs an as-of date. As of August 2026, the Rho Business Savings Account pays 1.00% APY, variable and set monthly, on accounts that maintain a $25,000 average monthly balance (terms apply).
- Some providers advertise higher rates, and those offers often come with rate tiers, paid plans, or investment products whose balances are not FDIC-insured deposits.
- When you compare business savings account rates, check three things: whether the yield-earning balance is an insured deposit, what minimum balance or plan the advertised rate requires, and how quickly you can move money out.
- At Rho, transfers back to checking settle within 2 business days, and interest accrues daily and is paid monthly.
These three account types solve different problems, and many businesses use more than one. A practical setup is operating cash in checking, a reserve covering the next few months in savings, and only longer-horizon funds in investment products, which carry investment risk and are not FDIC-insured deposits.
- Business savings account: An interest-bearing deposit account for reserves. FDIC-insured deposits. Best for reserves you may need within weeks.
- Money market account: A deposit account that may add limited check or debit access. FDIC-insured deposits at banks. Best for reserves that need occasional payment access.
- Treasury or investment account: An investment product, often money market funds or T-bills. Typically SIPC coverage, not FDIC; value can fluctuate. Best for longer-horizon cash where you accept investment risk.
Open a Rho checking account in less than 10 minutes, then add the Rho Business Savings Account: 1.00% APY, variable and set monthly, with up to $75M in FDIC deposit insurance capacity per entity (terms apply).
Frequently asked questions
Yes. Corporations, LLCs, partnerships, and sole proprietors can all open business savings accounts. Rho offers the Rho Business Savings Account to companies with a Rho checking account. It pays 1.00% APY, variable and set monthly (terms apply), with up to $75M in FDIC deposit insurance capacity per entity through American Deposit Management Co. and its partner banks.
Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank, a division of Santander Bank, N.A. Member FDIC. FDIC insurance coverage is only available to protect you against the failure of an FDIC-insured bank that holds your deposit; it does not protect you against the failure of Rho. Savings account services and up to $75M in FDIC deposit insurance per depositor provided by American Deposit Management Co. and its partner banks, subject to FDIC requirements. The Rho Business Savings Account pays 1.00% APY as of August 2026. The rate is variable, is set monthly, and is subject to change. A $25,000 average monthly balance is required to earn interest. The account allows 6 withdrawals per month, and outbound transfers settle within 2 business days. Terms apply. Competitive data collected from Mercury, Brex, and Relay websites as of 2026-08-20, and may change. Product claims current as of August 2026.